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Credit for home buyers begins to thaw

http://www.heraldtribune.com Posted by SarasotaFLRealEstate 1269 days ago

A hard freeze crippled the credit market in September, leaving borrowers scrambling for mortgages.

But with the huge moves that the federal government has made to encourage banks to make loans, mortgage lending has thawed in recent weeks.

Buyers with mid-level or even damaged credit are now able to get mortgages by going through the sometimes complex Federal Housing Administration loan guarantee program. Even those buying second or investment homes are getting loans.

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